Canero Group flips Coconut Grove condo building to El-Ad for a big profit
Jose Canero completed a bulk purchase of an entire condo complex in Coconut Grove, and just flipped the property for a 160 percent increase, or 2.6 times what he paid. Boca Raton-based El-Ad National Properties paid $45.5 million for the 25-unit, 20,500-square-foot building at 3265 Virginia Street
Miami Beach board greenlights plans for Terra, partners’ bayfront condo tower
David Martin’s Terra and its partners secured unanimous approval from Miami Beach’s Design Review Board for a 330-foot-tall tower in South Beach that developer Michael Stern got the city commission to upzone last summer. The future luxury tower at 1250 West Avenue will replace a 15-story, 238-unit
South Florida golf courses targeted in lawmakers’ latest land-use power grab
The Florida Legislature made a huge move to strip away more zoning and land use power from local governments in the name of affordable housing, but this time, the affordable component is lacking. The Infill Redevelopment Act, sponsored by state Sen. Alexis Calatayud, would strip local governments of
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